- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 400 Howard Street San Francisco MD United States of America 94105-2618
- IPO Date
- Jul 26, 2017
- Business
- iShares MSCI Emerging Markets ex China ETF (EMXC) is an exchange-traded fund that seeks to track the investment results of the MSCI Emerging Markets ex China Index, which comprises large- and mid-capitalization equities from 22 of the 23 emerging market countries excluding China, covering approximately 85% of the free float-adjusted market capitalization in each country. The fund, issued by BlackRock under its iShares brand, holds approximately 684 stocks with top holdings including Taiwan Semiconductor Manufacturing Company Limited (14.61%), Samsung Electronics Co., Ltd. (3.76%), HDFC Bank Limited (2.03%), Reliance Industries Limited (1.56%), and SK hynix Inc. (1.50%), spanning sectors such as technology, financial services, and energy. It features a net expense ratio of 0.25%, semi-annual distributions, and total net assets exceeding $14 billion, with shares primarily traded on U.S. exchanges like NASDAQ.
Launched on July 18, 2017, and domiciled in the United States, EMXC provides investors with diversified exposure to emerging market equities outside China, targeting institutional and retail investors seeking growth and portfolio diversification from developed markets and China-heavy benchmarks. The fund operates globally across emerging markets in regions including Asia (e.g., Taiwan, South Korea, India), Latin America, the Middle East, and Africa, with no currency hedging and a focus on market-cap weighting.
In June 2024, BlackRock expanded EMXC's availability by launching a version on the Australian Securities Exchange (ASX:EMXC) with a 0.25% management fee, enabling Australian investors greater flexibility in emerging markets allocations without China overexposure and enhancing global diversification opportunities. This strategic listing followed prior expansions of iShares ETFs in Australia and reflects ongoing efforts to broaden access amid rising demand for ex-China emerging markets strategies, as evidenced by significant European inflows into similar products in 2025. No major acquisitions, funding rounds, or index reconstitutions for EMXC were reported in 2024-2025, with performance showing a 1-year total return of 13.73% and YTD return of 23.08% as of late 2025.